MGNR American Beacon GLG Natural Resources ETF

Last close: 46.60
504-day return: +58.29%
Median $/day: $1.9M
Relationships shown: 16

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

MGNR vs HBM

Both indexed to 100 at 2026-05-11.

MGNR HBM · range 80–125 · 2026-05-11 → 2026-11-06

Moves with MGNR

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

HBM Hudbay Minerals Inc.

ρ +0.81beyond mkt +0.53holdout +0.81stable 100%robust

COPX Global X Copper Miners ETF (NEW)

ρ +0.81beyond mkt +0.45holdout +0.85stable 100%robust

GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF

ρ +0.80beyond mkt +0.44holdout +0.82stable 100%robust

FTRI First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF

ρ +0.81beyond mkt +0.40holdout +0.85stable 100%robust

TECK Teck Resources Limited

ρ +0.73beyond mkt +0.40holdout +0.75stable 100%robust

FCX Freeport-McMoran Inc.

ρ +0.75beyond mkt +0.37holdout +0.78stable 100%robust

Moves against MGNR

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.54beyond mkt -0.10holdout -0.58stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.40beyond mkt -0.08holdout -0.32stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.45beyond mkt -0.06holdout -0.45stable 100%robust

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.32beyond mkt +0.05holdout -0.47stable 88%robust

TAIL Cambria Tail Risk ETF

ρ -0.36beyond mkt +0.01holdout -0.33stable 88%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

DSTL Distillate U.S. Fundamental Stability & Value ETF

horizon 10dρ +0.48holdout +0.41stable 75%robust

ARQ Arq, Inc. Common Stock

horizon 10dρ +0.40holdout +0.37stable 100%robust

APA APA Corporation Common Stock

horizon 10dρ +0.37holdout +0.14stable 75%moderate

GOOD Gladstone Commercial Corporation Real Estate Investment Trust

horizon 10dρ +0.37holdout +0.37stable 50%moderate

EIDO iShares MSCI Indonesia ETF

horizon 10dρ +0.35holdout +0.43stable 75%robust

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

SPT Sprout Social, Inc Class A Common Stock

Δ -0.52recent -0.36prior +0.16beyond mkt +0.08

TRIP TripAdvisor, Inc. Common Stock

Δ -0.51recent -0.32prior +0.19beyond mkt +0.03

VSMV Victory Portfolios II VictoryShares US Multi-Factor Minimum Volatility ETF

Δ -0.49recent -0.08prior +0.41beyond mkt -0.04

GCOW Pacer Global Cash Cows Dividend ETF

Δ -0.47recent -0.01prior +0.46beyond mkt +0.00

IMDX Insight Molecular Diagnostics Inc. Common Stock

Δ +0.46recent +0.50prior +0.04beyond mkt -0.06

TPR Tapestry, Inc. Common Stock

Δ -0.45recent -0.11prior +0.34beyond mkt +0.02

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
XME State Street SPDR S&P Metals & Mining ETF	+0.36	+0.82	9
GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF	+0.44	+0.80	15
COPX Global X Copper Miners ETF (NEW)	+0.45	+0.81	16
FTRI First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF	+0.40	+0.81	15
HBM Hudbay Minerals Inc.	+0.53	+0.81	20
TECK Teck Resources Limited	+0.40	+0.73	17